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This mixed-use commercial/residential property includes: A two-bedroom, one-bath house currently tenant-occupied, generating $1,768 per month in rent. Also included is a charming one-bedroom, one-bath unit situated above a two-car garage with an adjacent laundry room and storage unit, generating $1,632 per month in rent. The parcel is 0.14 acres and offers approximately five parking spaces, including the garage spaces. Located in a thriving trade district, this property sits on Grand Avenue, the main corridor connecting Arroyo Grande to Grover Beach and the Pacific Ocean. Just a short walk east over the 101 freeway leads to the charming Village of Arroyo Grande, renowned for its excellent restaurants, unique shops, and welcoming community. According to City Planning, this site is ideal for mixed-use development and presents an excellent opportunity for investors or developers. While future development plans are made, buyers can continue collecting reliable rental income. With broad zoning, the possibilities for this property are extensive.(Additional Opportunity: This property can be purchased in conjunction with two adjacent properties: 414 E Grand Ave. (APN:006-175-006) and 418 E Grand Ave. (APN: 006-175-005). See listing numbers PI25062348 and PI25062830 for additional details. Combined, these properties provide a total of 0.43 acres with four mixed-use zoned houses across three parcels in the heart of Arroyo Grande.)All information is deemed reliable but not guaranteed. Buyers and their agents are responsible for conducting all due diligence and confirming intended uses with the city’s Building and Planning Department. PLEASE DO NOT DISTURB TENANTS.
Property Type(s):
Single Family
| Last Updated | 3/21/2025 | Year Built | 1952 |
|---|---|---|---|
| Community | AG-West of Hwy 101 | Garage Spaces | 2.0 |
| County | San Luis Obispo |
SCHOOLS
| School District | Lucia Mar Unified |
|---|
Additional Details
| AIR | None |
|---|---|
| AREA | AG-West of Hwy 101 |
| GARAGE | Driveway, Garage, Paved, Yes |
| HEAT | None |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down |
| LOT | 6250 sq ft |
| LOT DESCRIPTION | Level, Rectangular Lot, Street Level |
| PARKING | Driveway,Garage,Paved |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | HMU - Highway Mixed USes |
Location
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Listed with RE/MAX Success
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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